Edward Snowden’s recent disclosures, including concerns about the NSA’s ability to break certain types of encryption, and the extent of surveillance on cloud service providers, put the entire cloud industry into an uproar.
The bad news is that this has eroded companies’ trust that their data can be secure in the cloud. In fact, industry analysts are predicting that these disclosures will cost US cloud service providers between $22 and $35 billion in revenue by 2016.

But there is light at the end of this tunnel, and what will emerge is a safer, more resilient cloud.